ACR-News
Know what you want? Try our 'Supplier Directory' 

DiversiTech acquires Stride Tool

DiversiTech has acquired Ohio-based Stride Tool, a global original equipment manufacturer of American-made speciality hand tools known for their proven durability.

Stride Tool’s flagship brand, Imperial, was established in 1905 and enjoys a market-leading presence among HVACR technicians. The company’s other notable brands include Milbar, a leading brand of wire twister tools and kits, Lakeland Products, a leading brand for tube fabricating equipment, and Bright Solutions International, a supplier of leak detection products and speciality hand tools.

Stride Tool maintains a manufacturing facility in Solon, Ohio, and manufactures a variety of other products for tube working, automotive, electrical and industrial applications. The company also holds a strong patent history, with more than 60 total patents.

The acquisition has enabled DiversiTech to expand its HVACR tool product offering and increases its US manufacturing capabilities from five locations to six. As an ideal strategic fit, DiversiTech also expects that the acquisition of Stride Tool will further its mission to simplify the work of its wholesale customers and HVACR technicians.

Ron Ortiz, chief executive of Stride Tool, will join DiversiTech as the leader of the combined Tools business.

Comments

Already Registered?
Sign In
Not Yet Registered?
Register

Coronavirus industry update

UPDATED 22 April: In response to the Coronavirus pandemic, manufacturers, wholesalers and distributors are issuing statements regarding their operations as the situation evolves. The most up to date information from each company is listed below and ...

  25-Mar-2020

Designed for the future: Daiklin's new VRV 5 series

At Daikin, we continue to push the boundaries in order to create more sustainable solutions, simplify installation, enhance performance in use, and reduce our environmental footprint. In the spirit of the Paris Agreement, we aim to be CO2 neutral by ...

  18-Sep-2020

HVCA will become B&ES on 1 March

From Thursday 1 March the HVCA will become B&ES - the Building & Engineering Services Association.
  03-Sep-2020
ACR News is the number one magazine in the air conditioning and refrigeration industry. Don’t miss out, subscribe today!
Subcribe to ACR News

Diary

Chillventa
14th IIR-Gustav Lorentzen Conference on Natural Refrigerants
FETA Annual Lunch
16th IIR Conference on Cryogenics